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Archive: 04 July 2023

Posts in 04 July 2023

SEBI Circular: Debenture Trustee’s Nominee Director on Issuer Boards

July 4, 2023 1818 Views 0 comment Print

Read SEBI circular regarding the appointment of a nominee director by debenture trustees on issuer boards. Understand the obligations for companies and considerations for issuers governed by different statutes. Compliance guidelines and role of debenture trustees are outlined.

Regulatory Updates: June 2023 | Company, SEBI, RBI & Insolvency Law

July 4, 2023 1932 Views 0 comment Print

Stay updated with the latest regulatory changes in June 2023. This comprehensive compilation covers updates in company law, securities law, RBI, case laws, and more. Get insights into important due dates and recent penalties imposed on non-compliance.

Ex-ante Rumble: Time for Big Tech Titans to Face Regulatory Fire

July 4, 2023 924 Views 0 comment Print

Explore the potential of ex-ante regulation as a means to curtail anti-competitive practices by big tech companies. This article analyzes the benefits and concerns surrounding the implementation of ex-ante regulation, emphasizing the need for a comprehensive regulatory framework to strike a balance between fostering innovation and ensuring fair competition.

SAS 500: Environmental Sustainability, Climate Change & wildlife conservation

July 4, 2023 1317 Views 0 comment Print

SAS 500 is the fifth of the 16 SAS, which will become effective once posted by ICAI SRO i.e ISAI. The prime objective is to drastically cut down waste generation through prevention, reduction, recycling, and reuse, while also ensuring the preservation of mountains, wild life and revitalization of degraded land.

India-Japan CEPA: Harmonizing HS Codes for Customs Clearances

July 4, 2023 2499 Views 0 comment Print

The Ministry of Finance, Department of Revenue, has issued Instruction No. 19/2023- Customs regarding the implementation of the India-Japan Comprehensive Economic Partnership Agreement (CEPA) for customs clearances. The instruction addresses the issue of using different versions of Harmonized System (HS) codes in the Certificate of Origin (CoO) and the Bill of Entry (B/E) for imports under the […]

RBI Implements Section 12A of WMD Act: Designated List Updates | July 2023

July 4, 2023 1812 Views 0 comment Print

Reserve Bank of India (RBI) issues a notification regarding the implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005. The RBI provides updates on the designated list of UNSC-sanctioned individuals and entities. Read more for the amendments and compliance guidelines.

Delayed deposit of EPF & ESI beyond stipulated period is not allowable as deduction

July 4, 2023 1329 Views 0 comment Print

ITAT Delhi held that delayed deposit of the contribution EPF & ESIC beyond the stipulated period prescribed in the respective Acts are not allowable as deduction.

Delay of 902 days condoned by considering complexity of Income Tax Laws: ITAT

July 4, 2023 777 Views 0 comment Print

In present facts of the case, the condonation of delay was allowed for 902 days by placing its reliance over the Judgments of Hon’ble Supreme Court and it was observed that Income-tax law is a complex subject and meeting its compliance requirements is dependent on services by experts of the subject matter. Accordingly the delay was condoned and the appeal was allowed on merits.

ICAI releases FAQs on New Scheme of Education and Training

July 4, 2023 72288 Views 3 comments Print

Frequently Asked Questions (FAQs) on New Scheme of Education and Training released by The Institute of Chartered Accountants of India PART A : GENERAL FAQs Q 1: When has the New Scheme of Education and Training been launched? Ans: The New Scheme of Education and Training has been launched on CA Day, i.e. 1st July, 2023. […]

GST demand stayed as entire tax demand already paid & GSTAT not yet constituted

July 4, 2023 693 Views 0 comment Print

HC held that if the deposit of tax had been already made and the Appellate Tribunal is not yet constituted then the rest of the demand shall remain stayed.

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